Prime Multifamily Investment Opportunity | 24-Unit Portfolio Near LSUAn exceptional value-add opportunity located just 7 minutes from Louisiana State University. This 24-unit entire condo community (Burbank Landing Condos) is offered for sale as a single portfolio. Ideal for student housing, young professional rentals, or long-term portfolio growth in high-demand South Baton Rouge.Key Investment HighlightsOpportunity Zone Location: Situated in a designated Qualified Opportunity Zone (created under the Tax Cuts and Jobs Act of 2017), offering investors powerful tax incentives, including capital gains tax deferral, reduction, and potential tax-free appreciation on long-term gains.Turnkey Phase (12 Units Fully Renovated):Never lived in post-renovation-ready for immediate market-rate lease-up.Complete updates including all-new electrical systems and updated plumbing.Brand-new HVAC systems installed.Roof replaced 2 years ago.Value-Add Phase (12 Units Needing Rehab):12 remaining units require varying levels of rehab, allowing an investor to execute a tailored capital improvement strategy and satisfy Opportunity Zone substantial improvement requirements for equity upside.Pre-renovation rents were $2,300/month per unit, establishing a strong income floor with significant upside potential once fully stabilized.HOA Control & Flexibility:Established HOA structure in place with the ability for the buyer to acquire complete operational control of the HOA board.Flexible Seller Terms:Creative financing and owner financing options are available for qualified buyers. Contact listing agent directly to discuss customized terms.Unit & Property FeaturesSpacious Floor Plans: Each unit features a high-demand 3 Bedroom / 2 Bathroom layout. Dual Balconies: Front and rear private balconies for outdoor living.Private Outdoor Space: Every unit includes a dedicated, private fenced patio area.Utilities: Individually metered. Expansive private parking
Listed By
Agency Name: The Southern Homes Real Estate Team
Agency Phone: 225-442-0204
Shown By
Agent Name: Meghan Carollo
Agent Phone: (203) 945-8751
Agency Title: Ricci Real Estate
Ricci Real Estate Meghan Carollo (203) 945-8751
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7272 Burbank Drive , Baton Rouge, LA 70820.
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7272 Burbank Drive , Baton Rouge, LA 70820.
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7272 Burbank Drive | MLS# 200OZB
This multi-family property located at 7272 Burbank Drive , Baton Rouge, LA 70820 is currently listed for sale with an asking price of $2,490,000. Burbank Drive is located within the East Baton Rouge Parish school district. Search Baton Rouge real estate on meghancarollo.riccire.com today.